Precautionary Risk Management: Dealing with Catastrophic Loss Potentials in Business, The Community…

Hardcover | October 3, 2006

byMark Jablonowski

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Dealing with high-stakes risk potentials depends on our ability to come to grips with some easy to understand, yet difficult to apply, criteria for decision. We need to go beyond the façade of pseudo-scientific assessments that cater to special interests. We need to take a fresh, honest look at the only two sensible decision criteria: precautionary avoidance and fatalism. This book shows why scientific assessments of catastrophic risk based on 'averages' don't work, and sets the stage for making the tough choice between precaution and fatalism.

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Dealing with high-stakes risk potentials depends on our ability to come to grips with some easy to understand, yet difficult to apply, criteria for decision. We need to go beyond the façade of pseudo-scientific assessments that cater to special interests. We need to take a fresh, honest look at the only two sensible decision criteria: ...

MARK JABLONOWSKI has spent nearly 30 years as a professional risk manager, insurance underwriter and insurance underwriting manager. He holds BA (Summa Cum Laude) and MA degrees in Economics from the University of Hartford, UK, where he has also served as an adjunct faculty member. During his wide professional and academic career, he ...

other books by Mark Jablonowski

Format:HardcoverDimensions:184 pages, 8.86 × 5.6 × 0.62 inPublished:October 3, 2006Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:023001352X

ISBN - 13:9780230013520

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Table of Contents

Preface * Statistical Risk and Its Treatment * The ABC of High-Stakes Decisions * Practical Precaution * Precaution and Progress: Identifying Alternatives * Public Policy and the Rise of Precautionary Regulation * Science and Precaution * The Future of Risk * Appendices